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Gold (Elliott Wave Analysis)

  • #21
  • Jan 16, 2025 3:00am Jan 16, 2025 3:00am
This is a Plan A for the day - depends on what US session news outcome - If the market starts to push down from here showing weakness or reversal signs against the uptrend then this might might takes place specially the orange trendline sups will defiantly decide if the market keeps pushes up in extension moves or the trend is consumed already and a breakout of the trend line occurs and then will be shorting gold

This is H1 time frame Elliot Wave plan for the day as I said BIAS is the hardest part to overcome when trading with the wave theory
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  • #22
  • Jan 16, 2025 5:55am Jan 16, 2025 5:55am
Quoting TheScorpS
This is a Plan A for the day - depends on what US session news outcome - If the market starts to push down from here showing weakness or reversal signs against the uptrend then this might might takes place specially the orange trendline sups will defiantly decide if the market keeps pushes up in extension moves or the trend is consumed already and a breakout of the trend line occurs and then will be shorting gold This is H1 time frame Elliot Wave plan for the day as I said BIAS is the hardest part to overcome when trading with the wave theory {image}...
Based on my analysis, I believe 2711 will serve as a strong selling point for a downward move. Once the support level is broken, we can confidently confirm the bear trend, targeting the C wave point.
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  • #23
  • Jan 16, 2025 7:20am Jan 16, 2025 7:20am
The market is constantly changing, and it can be difficult to keep up with every update in the thread. It’s better to focus on my trade for now. Looking at the gold market, it seems that the price is aiming to rise above 2711 again.
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  • #24
  • Jan 16, 2025 7:36am Jan 16, 2025 7:36am
Quoting Elliottway
The market is constantly changing, and it can be difficult to keep up with every update in the thread. It’s better to focus on my trade for now. Looking at the gold market, it seems that the price is aiming to rise above 2711 again.
I think it is aiming for a new ATH brother. An established move always take time before it changes to the opposite direction.
Learn... Work Hard... Trade Alone
  • #25
  • Jan 16, 2025 8:06am Jan 16, 2025 8:06am
Quoting BiteFX
{quote} I think it is aiming for a new ATH brother. An established move always take time before it changes to the opposite direction.
The next resistance level to watch is 2730, which could potentially shift to take the support.
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  • #26
  • Jan 16, 2025 8:33am Jan 16, 2025 8:33am
Quoting Elliottway
{quote} The next resistance level to watch is 2730, which could potentially shift to take the support.
Ok, I'll keep a watch.
Learn... Work Hard... Trade Alone
  • #27
  • Jan 16, 2025 10:34am Jan 16, 2025 10:34am
Hi there,
To all those Medium to Long Term Gold Shorters, I have a question.

How much are you guys relying on the "Carry" Factor of the XAU Short trade?
It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap.

I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me no sense as the Interest Rate on EUR has become more or less constant and in XAU's case always Zero.

I can provide the name of this 3 brokers on DM (just shoot me a dm)

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I am trying to understand the reasons behind these erratic behaviour on the swap and also why this happens with certain brokers and not others.

Any insights from experienced Carry Traders, people who know how brokers work, or knowledgeable people in general, I'd be greatly thankful !!
  • #28
  • Jan 17, 2025 12:03am Jan 17, 2025 12:03am
Quoting ArrietaTech
Hi there, To all those Medium to Long Term Gold Shorters, I have a question. How much are you guys relying on the "Carry" Factor of the XAU Short trade? It's known that as a non-yielding asset one of the appeals of shorting this symbol is its Swap. I ask this question because I am short on this symbol on one broker I work with, and since the middle of December (on and off) swap has been turning sometimes Negative, SOmetimes positive, which makes to me no sense as the Interest Rate on EUR has become more or less constant and in XAU's case always...
Thank you so much for your kind words and appreciation. I’m glad you found the information helpful! If you could kindly share where you collected this information from, it would be very useful for me to ensure this will help me, even better in the future.
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  • #29
  • Jan 29, 2025 2:11am Jan 29, 2025 2:11am
Enjoy EW trading plan XAUUSD 4H
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  • #30
  • Feb 2, 2025 3:14am Feb 2, 2025 3:14am
Hi. I found this thread after starting one dedicated to Ending Contracting Diagonal patterns.

Gold appears to be setting up for a significant drop.

Checkout my post here.
  • #31
  • Feb 3, 2025 1:32pm Feb 3, 2025 1:32pm
I'm new to this forum but i'm really interested in Elliot theory i will buy the books from prechter and Ramakrishnan to study this material. For now i'm using the ATS method which is wyckoff it works pretty good. I truly believe that we can trade just by seeing the price and that price moves by repetitive patterns. Keep posting i'm learning from you as well
  • #32
  • Nov 19, 2025 7:32am Nov 19, 2025 7:32am
Just now noticed. I have my own thread.

Entered short at 4119..

Waiting for target
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  • #33
  • Nov 19, 2025 8:05am Nov 19, 2025 8:05am
Hi, can you show us your count?
  • #34
  • Nov 19, 2025 8:13am Nov 19, 2025 8:13am
Quoting catafx
Hi, can you show us your count?
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  • #35
  • Nov 19, 2025 8:41am Nov 19, 2025 8:41am
Sell limit at 4129..
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  • #36
  • Nov 19, 2025 9:49am Nov 19, 2025 9:49am
Dear traders.

kindly subscribe this thread..
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  • #37
  • Nov 19, 2025 10:00am Nov 19, 2025 10:00am
Quoting Elliottway
Sell limit at 4129..
4129 and 4119 two shorts running towards my laser sharp target
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  • #38
  • Nov 19, 2025 10:28am Nov 19, 2025 10:28am
Let's take rest at 4070
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  • #39
  • Nov 19, 2025 10:49am Nov 19, 2025 10:49am
Scalping trades little agressive. So. I will take care..

Swing is enough for you all.
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  • #40
  • Nov 19, 2025 11:55am Nov 19, 2025 11:55am
Quoting Elliottway
{quote} 4129 and 4119 two shorts running towards my laser sharp target
Profit taken partially at 4056. SL on positive side. Entered buy at 4056.
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